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Philippine Accountancy Act of 2004 Presented To: DLSU - Revdevt
Philippine Accountancy Act of 2004 Presented To: DLSU - Revdevt
Presented to
DLSU - Revdevt
by:
- Functions:
1. Is a Filipino citizen.
2. Is of good moral character.
3. Is a holder of the degree of Bachelor of Science in Accountancy
conferred by a school, college, academy or institute duly recognized
and/or accredited by CHED or other authorized government
offices.
4. Has not been convicted of any criminal offense involving
moral turpitude.
and
The Board may, after the expiration of two (2) years from the date of
revocation and for reasons deemed proper and sufficient, reinstate the
validity of a revoked certificate of registration and in so doing, may,
in its discretion, exempt the applicant from taking another examination.
Single practitioners
Partnerships
(b) Academe/Education
- Teaching for at least three (3) trimesters or two (2) semesters ,
subjects in either financial accounting, business law and
management services
(c) Government
All working papers, schedules and memoranda made by a CPA and his staff in the
course of an examination, including those prepared and submitted by the client,
incident to or in the course of examination, by such CPA, except reports submitted by
a certified public accountant to a client shall be treated confidential and privileged
and remain the property of such CPA in the absence of written agreement between the
CPA and the client, to the contrary, unless such documents are required to be
produced through subpoena issued by any court, tribunal or governmental regulatory
or administrative body in accordance with Philippine laws.
Circular in form with a smaller circle within and in the upper portion
of the space between the circles shall be engraved the name of the
individual CPA, firm and the signing partner of the partnership and in
the middle of the smaller circle shall be engraved the letters “CPA”.
Registration – valid for three (3) years from the date application for
accreditation is approved.
Renewal - on or before September 30 on the year of expiry upon
compliance of the requirements.
Registered Name:
1) Name of an individual as printed in his/her CPA certificate.
2) Firm – firm name appearing in the registration documents issued by
DTI or any other proper government offices.
3) Partnership – partnership name as indicated in the current Articles of
Partnership and certificates of registration issued by SEC.
- Reported to the Board not later than thirty (30) days from the date of
such death, dissolution or liquidation.
- The report shall be in the form of an affidavit or by furnishing the Board
with the certified copy of the dissolution or liquidation papers filed with
SEC in the case of Partnership.
- Failure to report shall be subjected to penalties.
9) Peer Reviewer
10) CPE Provider
11) CPE Programs, Activities or Sources
Permanent Exemption:
- reaching the age of 65 years old.
Upon
Temporary Exemption:
Practicing his/her profession or furthering his/her
studies abroad provided that he/she has been out of the
country for at least two (2) years immediately prior to
the date of renewal.
Philippine Accountancy Act of 59
2004
Goal is reached only if the distance is
traveled.